ARMENIAN BAR ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Phone

8185718871

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN BAR ASSOCIATION, founded in 2010, is a small nonprofit that reported $326K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $284K, a strong 87% operating margin.

Mission

PROVIDE PRO BONO SERVICES AND LEGAL EDUCATION AND SPONSOR PROGRAMS TO PROMOTE DEMOCRACY AND RULE OF LAW.

Program Service Accomplishments

Program 1

Expenses: $35,563

PROVIDE PRO BONO SERVICES AND LEGAL EDUCATION AND SPONSOR PROGRAMS TO PROMOTE DEMOCRACY AND RULE OF LAW.

Program 2

MID YEAR MEETING OF MEMBER ATTORNEYS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $168,767

Program Service Revenue $0

Investment Income $16,544

Other Revenue $141,075

TOTAL REVENUE $326,386

Expense Breakdown

Grants Paid $24,174

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,563

Other Expenses $18,406

TOTAL EXPENSES $42,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,386	$384,448	-0.2%
Expenses	$42,580	$165,314	-0.7%
Net Income	$283,806	$219,134	+0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCY VARPETIAN	President	5.00	Officer	$0	$0	$0
RAFFI SARRAFIAN	VICE CHAIR	5.00	Officer	$0	$0	$0
GRANT PETROSYAN	Secretary	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$326,386	$42,580	$848,684	$283,806
2021	$82,262	$53,055	$346,723	$29,207
2020	$62,078	$14,016	$447,638	$48,062
2020	$63,940	$147,919	$315,597	$-83,979
2019	$388,611	$293,283	$399,576	$95,328
2018	$217,223	$151,569	$304,248	$65,654